Plaer printing will be one of two types of businesses. It will either be a sole proprietorship or it will be a partnership, most likely the first. I can upgrade to an LLC in the future if my business prospers enough to warrant it.
Right now, Plaer Printing is a very small business that I formed on my own as a sole proprietorship without really knowing it. I have sold my items at two small business fairs so far, and I hope to open an Etsy store for my products withing a month from now. All that is to say that, right now, I am the only one involved in my business, which classifies it as a sole proprietorship as it stands right now.
I am considering changing my store to a partnership when I open up my Etsy store, but I am probably going to leave it as a sole proprietorship for now. I am not yet ready to incur the risk of becoming a partner, and I don’t really think that I have any need of changing my business to be a partnership yet.
Sole proprietorships group together my personal finances with that of my business, and so it makes it really easy for me to manage. No separate business accounts, separate taxation, or any other complexities. As I am just beginning, I have no reason to have anything more complicated than a sole proprietorship
Sole proprietorship is the right option for my business starting out. There is no reason for me to have any more advanced corporation as yet, but I might upgrade to a partnership if my business takes of, or I might change it to a limited liability company.